Money Claims

Theft of money claims, money in transit claims, and money in premises claims are distinct categories of insurance claims related to the loss or theft of money in different circumstances. Theft of money claims involve stolen money from a specified location, such as a business premises or personal property. Money in transit claims pertain to the loss or theft of money during its transportation from one location to another, while money in premises claims refer to the loss or theft of money stored in a designated premises.
In all three types of claims, claimants must provide evidence of the loss or theft and follow the specific requirements of their insurance policy. This includes providing relevant documentation such as police reports, delivery records, surveillance footage, or employee statements to support their claim. Insurance companies evaluate the claims based on the policy coverage and limits, considering any exclusions or limitations. If the claim is approved, the insurance company provides compensation to the claimant in accordance with the terms and conditions of the policy.